According to a report by CryptoQuant analyst Axel, the current Bitcoin sentiment index has dropped to around 46%, below the neutral threshold of 50%. Despite a slight price rebound, the market's rise lacks support and needs to be elevated to 60-65% to be sustainable. Without new buying pressure, it may dip to the support level of $102,000-$103,000.
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According to a report by CryptoQuant analyst Axel, the current Bitcoin sentiment index has dropped to around 46%, below the neutral threshold of 50%. Despite a slight price rebound, the market's rise lacks support and needs to be elevated to 60-65% to be sustainable. Without new buying pressure, it may dip to the support level of $102,000-$103,000.